1st see how price has established a support on the edge of the YELLOW trend line, since 16 MAR till 06 APR the level of 1.40527-1.40053 was tested and failed to break below
2nd checkout the inverted head and shoulders bottom !!
if the price was able to break below the two red lines 1.41670 - 1.41043 this would signal a down move to the next below target in green line 1.40273 - 1.39067
watch carefully The symmetrical triangle, it would lead to a trend
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.